Financial Literacy and Wellbeing among Medical Students, Residents, and Attending Physicians in Lebanon: Results from A Nationwide Multi-Centered Survey

Dr Mohammadali Jardaly

Slide at 12:52

Table I. Descriptive Data of Study Participants.
Characteristic
Mean + SD
Age (years) (N =326)
35.0 + 13.1
Crowding Index (N=271)
0.7 + 0.3
Characteristic
n (%)
Gender (N =311)
Male
145 (46.6)
Female
166 (53.4)
Level of training or practice (N=325)
Medical student
68 (20.9)
Resident/fellow
144 (44.3)
Attending physician in a teaching hospital
113 (34.8)
Hold another graduate degree other than MD (N=326)
272 (83.4)
10 (3.1)
19 (5.8)
13 (3.9)
12 (3.7)
Total household income 10 (N=252)
Less than 450$
3 (1.2)
450$-2,000$
60 (23.8)
2001-5000$
68 (27.0)
5001-10,000$
69 (23.4)
More than 10,000$
62 (24.6)
Family's SES status (N=267)
Lower
3 (1.1)
Lower middle class
24 (9.0)
Middle class
128 (47.9)
Upper middle class
91 (34.1)
Upper
21 (7.9)
Presence of any loans (N=330)
205 (62.1)
125 (37.9)

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Summary (AI generated)

The survey results showed that 20% of participants were students, 44% were residents, and 34% were attending. This distribution was close to a third for each group. The sample was representative, with a mean age of 35 and a standard deviation of 13, and nearly equal gender distribution. Most respondents reported being middle to upper middle class, but two-thirds mentioned having at least one loan.

These demographics could be predictors of financial well-being, which will be discussed later. The next section of the survey focused on financial literacy, using the industry standard Big Five questions. Let's see how you're doing.